Global Developments Inc (GDVM)

[wingtrade]

I'm not sure I would characterize this situation as declining revenue. The term declining usually means something a bit more gradual or measured but this is a massive collapse in revenue if you look at it quarter over quarter. It's not a moderate decline. My gut instinct is that for whatever reason the majority of the revenue gets booked in the first half of the fiscal year, due to the business model. But I don't have any industry specific or company specific insight to back that up. It just doesn't make sense to me logically because otherwise the collapse does not make any sense after 20 years of being in business. If Q1 and Q2 2024 roll around and GDVM posts $200k revenue per quarter then I'll admit I was wrong.